HR4767-118

Reported

To make revisions to the Federal securities laws with respect to shareholder proposals, proxy voting, and the registration of proxy advisory firms, and for other purposes.

118th Congress Introduced Jul 20, 2023

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

Directs the Secretary of the Interior to commission a National Academy of Sciences study of federal reservation systems (like recreation.gov) used to manage access to federal recreation areas. The study must be initiated within 60 days of enactment and will examine whether current booking, lottery, and permit systems provide equitable access to all Americans.

Who Benefits and How

  • Recreation enthusiasts and outdoor recreationists may benefit from improved reservation systems based on study recommendations
  • Underserved and disadvantaged communities could benefit if the study identifies access barriers and recommends solutions to promote equal access
  • Federal land management agencies (BLM, Forest Service, NPS, Fish & Wildlife) receive expert analysis to improve their reservation systems

Who Bears the Burden and How

  • Interior, Agriculture, and Army departments must coordinate and fund the National Academy of Sciences study
  • Federal taxpayers bear the cost of the comprehensive study
  • National Academy of Sciences must conduct extensive research and consultation

Key Provisions

  • Comprehensive review of federal reservation system history, including recreation.gov iterations and visitor feedback
  • Study covers all major federal land categories: BLM lands, National Forests, National Parks, Wildlife Refuges, Bureau of Reclamation sites, and Army Corps of Engineers sites
  • Examines booking windows, lottery systems, pricing mechanisms, and merit-based methods for equity impacts
  • Investigates whether reservation systems pose barriers for certain communities
  • Must assess demographic data on successful vs unsuccessful reservation applicants

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.

At a Glance

What This Bill Does

Requires the Secretary of the Interior to enter into an agreement with the National Academy of Sciences to study federal reservation systems for recreational activities on federal land, examining equity, access barriers, and system effectiveness

Key Policy Areas

Recreation, Public Lands, Government Management, Equity

Primary Purpose

Requires the Secretary of the Interior to enter into an agreement with the National Academy of Sciences to study federal reservation systems for recreational activities on federal land, examining equity, access barriers, and system effectiveness

Policy Domains

Recreation Public Lands Government Management Equity

RESERVE Federal Land Act

Identified Gains
Contextual inference, no direct clause citation
  • Recreation enthusiasts
  • Underserved communities
  • Federal land management agencies
Model: N/A | Version: bill_summary_v2 | Source: rh

Contextual inference, no direct clause citation

Identified Costs
Contextual inference, no direct clause citation
  • Department of the Interior
  • Federal taxpayers
  • National Academy of Sciences
Model: N/A | Version: bill_summary_v2 | Source: rh

Contextual inference, no direct clause citation

Legislative Progress

Reported
Introduced Committee Passed
Dec 19, 2023

Reported with an amendment, committed to the Committee of the …

Jul 20, 2023

Mr. Steil introduced the following bill; which was referred to …

Stakeholder Effects

cui bono?

How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.

General Public
6 mentions across 6 clauses
+6 positive

Corporate issuers, Public companies, Public companies harmed by proxy advice

Investment Fund Management
6 mentions across 4 clauses
+1 positive -5 negative

ESG-focused investment products and managers, ESG-focused shareholders, Institutional investment managers (pension funds, mutual funds, asset managers)

Positive-direction: Traditional investment managers focused on financial returns

Negative-direction: ESG-focused investment products and managers, ESG-focused shareholders, Institutional investment managers (pension funds, mutual funds, asset managers), Investment advisers of passively managed funds, Investment advisers of passively managed funds (BlackRock, Vanguard, State Street)

Financial Services
5 mentions across 5 clauses
-5 negative

Brokers, dealers, and investment advisers, Proxy advisory firms, Proxy advisory firms (ISS, Glass Lewis)

Federal Regulatory Agencies
4 mentions across 4 clauses
-4 negative

Securities and Exchange Commission

Government
1 mention across 1 clause
+1 positive

Congressional oversight committees

Advocacy Groups
1 mention across 1 clause
-1 negative

Shareholder activists and ESG advocacy organizations

16/16
sections analyzed
Full impact breakdown

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Recreation Public Lands Government Management
Actor Mappings
"the_secretary"
→ Secretary of the Interior
"the_secretaries"
→ Secretary of the Interior, Secretary of Agriculture, and Secretary of the Army (Chief of Engineers)

Key Definitions

Terms defined in this bill

4 terms
"booking window" §2(a)

The time period during which a reservation or lottery entry is available to the public

"Federal land" §2(b)

Public lands under BLM, National Forest System land, National Park System units, National Wildlife Refuge System units, Bureau of Reclamation sites, and Corps of Engineers sites

"Federal reservation system" §2(c)

Any platform or method used by managers of Federal land to manage the quantity, type, distribution, and timing of recreational activities, including reservation, permit, lottery, metering, pricing, merit-based, and other similar management methods

"recreational activity" §2(d)

Includes camping, backpacking, climbing, paddling sports, fishing, hiking, driving, and other recreational opportunities

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology